Today’s economic headlines make $104 million sound like chump change, but if you are one of thousands of people living in South Florida who would like to buy a foreclosed property but can’t quite get over the down payment hump, federal assistance is available if you qualify and move fast.
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The fed rate cut of one quarter of one percent this afternoon is the big news of the moment, but ¼ % hardly seems worth the effort. The Federal Reserve Board lowered the cost of borrowing Wednesday with a quarter-point drop in rates in hopes of energizing an economy troubled by a sagging housing market and soaring oil prices.
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America’s slumping real estate market has been making headlines for some time now. As regions that once saw incredible booms now face tangy home estimate corrections, many British and international investors effective in currencies other than the US money find themselves wondering if investing in real estate in the land of the stars and the stripes is evaluate the gamble.
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